Accounting and Tax Support for Online Sellers and E-commerce Businesses
Specialist accounting, bookkeeping, VAT and tax support for ambitious online retailers, marketplace sellers, direct-to-consumer brands and growing e-commerce businesses.
We help you understand your true profitability, maintain accurate financial records, meet your tax obligations and build a stronger financial foundation for sustainable business growth.
Your Sales Dashboard Is Not Your Profit and Loss Account
Online sales platforms may show gross sales, order values and payouts, but they do not always provide a complete picture of your true income, business costs, VAT position, stock movements or profitability.
Helping Online Sellers Turn Complex Data Into Reliable Financial Information
E-commerce accounting can be complex because sales, refunds, platform fees, payment processing charges, advertising costs, delivery expenses and stock purchases may be recorded across several different systems.
At Odiri Tax Consultants & Accountants, we help organise and reconcile this information so that your accounts reflect the commercial reality of your business.
- Accurate reconciliation of marketplace settlements
- Clear separation of sales, fees and refunds
- Reliable VAT and tax reporting
- Improved visibility over costs and margins
- Cloud bookkeeping and digital record keeping
- Management information to support growth decisions
Complete Accounting, Tax and Financial Support for Online Sellers
Whether you sell through one marketplace or operate a multi-channel e-commerce business, our services can be tailored to your sales platforms, transaction volumes, legal structure and growth plans.
E-commerce Bookkeeping
Regular bookkeeping for online businesses, including sales, purchases, expenses, payment processors, marketplace settlements, refunds and business bank transactions.
Marketplace Reconciliation
Reconciliation of sales reports and marketplace payouts to identify gross sales, commissions, fulfilment fees, refunds, adjustments and the net amount received.
VAT Registration and Returns
Support with VAT registration, digital record keeping, VAT return preparation and advice on the VAT treatment of online sales and related business transactions.
Annual Accounts
Preparation of statutory annual accounts for limited companies and business accounts for sole traders and partnerships.
Corporation Tax
Preparation of Corporation Tax computations and returns, together with clear explanations of the company’s tax liability and payment obligations.
Self Assessment
Personal tax return preparation for sole traders, business owners, directors and shareholders receiving income from an online business.
Payroll and Director Remuneration
Payroll processing for directors and employees, including payslips, RTI reporting and support with salary and remuneration planning.
Management Accounts
Periodic financial reporting to help you monitor sales, gross margin, overheads, cash flow, stock costs and overall business performance.
Tax and Growth Advisory
Practical advice on business structure, tax efficiency, cash flow, profit extraction, expansion and financial systems as your e-commerce business grows.
Accounting Support Across Leading E-commerce Platforms and Business Models
We support online businesses using marketplaces, independent websites, social commerce channels and payment platforms, including businesses selling both products and digital services.
Amazon Sellers
Accounting and reconciliation support for marketplace, fulfilment and multi-channel sales activity.
eBay Sellers
Bookkeeping and tax support for individuals and businesses selling regularly through eBay.
Shopify Stores
Accounting support for direct-to-consumer brands and independent online retail websites.
Etsy Sellers
Tax and bookkeeping services for makers, designers, craft businesses and creative online sellers.
WooCommerce Stores
Accounting for businesses operating online stores through WordPress and WooCommerce.
TikTok and Social Sellers
Support for businesses selling through social media, live shopping and social commerce platforms.
Subscription Businesses
Accounting support for recurring billing, memberships, subscription boxes and online service businesses.
Multi-Channel Retailers
Consolidated accounting for businesses selling through several marketplaces, websites and physical channels.
Bringing Control and Clarity to Complex Online Transactions
E-commerce businesses can process a high volume of transactions across multiple platforms. Without an appropriate accounting system, important information can easily be omitted, duplicated or incorrectly recorded.
Net Payouts Recorded as Sales
Marketplace and payment processor deposits are often received after fees, refunds and deductions. Recording only the net payout can understate turnover and business expenses.
Multiple Sales Channels
Sales information may be spread across websites, marketplaces, payment providers, bank accounts and fulfilment systems.
Refunds and Chargebacks
Customer refunds, disputed payments and marketplace adjustments must be recorded correctly to avoid overstating sales or misreporting VAT.
Stock and Cost of Sales
Accurate stock records and product costs are essential for calculating gross profit and understanding which products generate the strongest margins.
Advertising and Platform Costs
Advertising fees, fulfilment charges, subscription costs and commissions can materially reduce the profit generated from online sales.
Cross-Border Transactions
Overseas customers, foreign currencies, imported stock and international selling arrangements can create additional accounting and tax considerations.
Build a Financial System That Can Grow With Your Business
A well-designed accounting process can reduce manual work, improve accuracy and give you timely access to meaningful financial information.
Streamlined Accounting for High-Volume Online Sales
We can help establish an appropriate cloud accounting system using software such as QuickBooks, Xero or FreeAgent, depending on your business requirements.
Where appropriate, your accounting system can be connected to sales platforms, business bank accounts, payment processors and supporting applications to improve efficiency and reduce manual data entry.
- Cloud accounting software setup
- Chart of accounts designed for e-commerce
- Bank and payment account reconciliation
- Sales channel integration planning
- Digital receipt and invoice management
- Monthly bookkeeping controls and review
Accountants Who Understand the Commercial Reality of Online Retail
Online businesses require more than year-end compliance. To make informed decisions, you need reliable financial information that reflects sales, stock, marketplace fees, fulfilment costs, advertising and cash flow.
We combine professional accounting and tax expertise with practical experience of e-commerce systems and online retail operations.
Contact Our E-commerce Accounting TeamA Clear Process for Taking Control of Your E-commerce Accounts
We begin by understanding your business model, sales channels, accounting records and reporting requirements before recommending the appropriate service.
Business Review
Tell us about your business structure, sales channels, products, transaction volumes and current accounting arrangements.
Scope and Quotation
We identify the accounting, bookkeeping and tax services required and provide a clear professional quotation.
System Setup and Onboarding
We complete the onboarding process, review your records and establish an appropriate digital accounting workflow.
Ongoing Accounting Support
We maintain your records, complete agreed compliance work and provide financial information to support your decisions.
Accounting Questions From Online Sellers
Do online sellers need to register as a business?
This depends on whether you are carrying on a trade and the nature, frequency and commercial purpose of your selling activity. Selling unwanted personal possessions is different from buying or producing goods for resale. We can review your circumstances and explain the appropriate registration and tax requirements.
Why should marketplace payouts not simply be recorded as sales?
Marketplace payouts may be received after commissions, fulfilment fees, advertising charges, refunds and other adjustments have been deducted. Accurate bookkeeping normally requires these components to be identified and recorded separately.
Can you reconcile Amazon, eBay, Shopify or Etsy sales?
Yes. We can review sales reports, settlement statements, payment processor records and bank receipts to establish an appropriate reconciliation process for your sales channels.
Can you help me determine whether I need to register for VAT?
Yes. We can review your taxable turnover, business activities and sales arrangements and advise whether registration may be required or commercially appropriate.
Can you help if my bookkeeping is behind?
Yes. We can review the available records, identify missing information and provide a quotation for bringing the bookkeeping and accounts up to date.
Can you work with my existing accounting software?
We work with recognised cloud accounting systems, including QuickBooks, Xero and FreeAgent. We can review your existing setup and recommend improvements where necessary.
Do you support online sellers outside Peterborough?
Yes. We support online sellers and e-commerce businesses throughout the UK using video meetings, secure document sharing and cloud accounting software.
Will I receive a quotation before work begins?
Yes. Once we understand your business, transaction volumes, accounting records and service requirements, we provide a clear quotation before commencing the work.
Ready to Take Control of Your Online Business Finances?
Contact Odiri Tax Consultants & Accountants for reliable bookkeeping, accounting, VAT and tax support tailored to your e-commerce business. We will review your requirements, explain the next steps and provide a transparent quotation.
